Georgia Capital PLC Director/PDMR Shareholding (3534M)
September 16 2019 - 2:01AM
UK Regulatory
TIDMCGEO
RNS Number : 3534M
Georgia Capital PLC
16 September 2019
London, 16 September 2019
Georgia Capital announces market purchase of shares for its
Employee Benefit Trust
Georgia Capital PLC (CGEO or the Group) was notified by Sanne
Fiduciary Services Limited (Sanne), acting as trustee of the JSC
Georgia Capital Executive Equity Compensation Trust (the Trust),
that Sanne, through an independent broker, purchased in the market
42,000 CGEO ordinary shares with a nominal value of GBP0.01 each
(Shares) at a price of GBP10.19 (rounded to two decimal points) per
Share, traded on 13 September 2019 with a settlement date of 17
September 2019.
The Trust holds the Shares for the purpose of satisfying awards
to be awarded to beneficiaries of the Trust. The executive
directors and persons discharging managerial responsibility of the
Group are potential beneficiaries under the Trust and are therefore
treated as having an interest in such Shares. Upon settlement of
the above transaction, the Trust will hold a total of 2,657,218
Shares, representing approximately 7.23% of CGEO's issued ordinary
share capital.
Of the 2,657,218 Shares held by the Trust, 903,027 Shares are
allocated to existing awards.
Name of authorised official of issuer responsible for making
notification: Link Company Matters Limited, Company Secretary
About Georgia Capital PLC
Georgia Capital is the holding company of a diversified group
focused on investing in and developing businesses in Georgia with
holdings in sectors that are expected to benefit from the continued
growth and further diversification of the Georgian economy, the
opening of the Georgian economy to Europe and economic development
in the wider region. The Group seeks to capture growth in the
sectors in which it currently operates and drive the development of
new high-growth businesses in Georgia, which it intends to add
either by acquiring businesses in their early development stage or
by establishing greenfield businesses, often consolidating
fragmented or underdeveloped markets. The Group currently has four
key portfolio companies: (i) GGU, a water utility and renewable
energy business; (ii) m(2) , a residential and commercial property
developer; (iii) Aldagi, the foremost provider of property and
casualty insurance products in Georgia; and (iv) Teliani, a leading
wine and beer producer in Georgia. In addition to its portfolio
companies, the Group holds investments in two London Stock Exchange
premium-listed Georgian businesses: GHG, (57% stake), the parent
company of the largest and diversified healthcare provider in
Georgia, which operates in the healthcare services, pharmacy and
medical insurance sectors; and Bank of Georgia Group PLC, (19.9%
stake), a leading universal bank in Georgia.
JSC Georgia Capital has, as of
the date hereof, the following
credit ratings:
S&P Global 'B+'/FC & 'B+'/LC
Moody's B2/CFR & B2/PDR
For further information, please visit www.georgiacapital.ge or
contact:
Irakli Gilauri Giorgi Alpaidze Nino Rekhviashvili
Chairman and Chief Executive Chief Financial Officer Head of Investor Relations
ir@gcap.ge +995 322 005 000 + 995 322 005 045
ir@gcap.ge ir@gcap.ge
This news report is presented for general informational purposes
only and should not be construed as an offer to sell or the
solicitation of an offer to buy any securities
This information is provided by RNS, the news service of the
London Stock Exchange. RNS is approved by the Financial Conduct
Authority to act as a Primary Information Provider in the United
Kingdom. Terms and conditions relating to the use and distribution
of this information may apply. For further information, please
contact rns@lseg.com or visit www.rns.com.
END
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